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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Ratios & Harmonics: a Different Way to Trade

  • #1,181
  • Jan 11, 2013 10:52am Jan 11, 2013 10:52am
Mr. Pip

Few questions

When you trade 233 tick, is it mainly on eurusd or do you also trade 233 on other pairs? Seems eurusd is most favorable for 233 tick due to low spread compared to some other pairs that act like they have ADHD

Seems you trade mostly from 7AM to 11AM NY time. how many trades on the 233 tick do you usually take during that period?.

On the 233 tick....what do you think of a strategy of just entering limit orders to get in when pullbacks reach 61.8 .....with small stop loss of 6-7pips ?

I know you have a plan of how you want to teach us so i am patient to wait. Though I look forward to seeing a video of 233 tick with you explaining your logic for the trades you took in that day. I really like the 233 tick picture you shared, though a video would be fantastic and help clarify your decision making process

Thanks

Ed
  • #1,182
  • Jan 11, 2013 11:00am Jan 11, 2013 11:00am
Mid-day report--

Markets and I were not agreeing on many fronts. Two losses: orange ABCD and pink ABCD, missed the yellow ABCD, and am currently gyrating in the blue ABCD. Funny, I pulled up the 5min, said "dang, nice set up" sure enough, it was the blue ABCD I was already trading, so hopefully a fresh look and confirmation will support the trade. Expect the markets to die out though, so may be holding through the weekend.

Cheers!

http://i.imgur.com/rZh3T.png
  • #1,183
  • Jan 11, 2013 11:02am Jan 11, 2013 11:02am
hmmm waiting higher than 1.27 ( for me .... ) in butterfly pattern

mostly ( what i saw before ) the optimum result came from 1.41 - 1.61


Quoting mduke04
kudos on your analysis. A butterfly at this top is a strong reversal pattern.

Also observing ABCD as mentioned by Bary.
not euphoria follower
  • #1,184
  • Jan 11, 2013 11:36am Jan 11, 2013 11:36am
Quoting iqyu5an
hmmm waiting higher than 1.27 ( for me .... ) in butterfly pattern

mostly ( what i saw before ) the optimum result came from 1.41 - 1.61
My screenshot was showing ABCD pattern, not butterfly.

Here is my plotted butterfly pattern.

Potential Butterfly - EURUSD Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdweekly.gif Size: 31 KB
"I don't always trade markets, but when I do, I prefer harmonics."
  • #1,185
  • Jan 11, 2013 11:47am Jan 11, 2013 11:47am
[quote=Ed777;6358475]Mr. Pip

Few questions

Quote
When you trade 233 tick, is it mainly on eurusd or do you also trade 233 on
other pairs? Seems eurusd is most favorable for 233 tick due to low spread
compared to some other pairs that act like they have ADHD

Yes I trade only EU the time frame is too fast to look at other pairs and spread is good.


Quote
Seems you trade mostly from 7AM to 11AM NY time. how many trades on the 233
tick do you usually take during that period?.


Yes that is about right 7 to 12

Quote
On the 233 tick....what do you think of a strategy of just entering limit orders
to get in when pullbacks reach 61.8 .....with small stop loss of 6-7pips ?

Mainly ABCD and aggressive buys/sells. Also patterns if they occur but mainly ABCD and aggressives are the bread and butter.


Quote
I know you have a plan of how you want to teach us so i am patient to wait.
Though I look forward to seeing a video of 233 tick with you explaining your
logic for the trades you took in that day. I really like the 233 tick picture
you shared, though a video would be fantastic and help clarify your decision
making process

I will be making one real soon, I've been busy trading and the thread and life none of it stops.
If you fail to plan, you plan to fail.
  • #1,186
  • Jan 11, 2013 11:53am Jan 11, 2013 11:53am
Here is the video of the swing id for GBPJPY 5M.

Post questions comments concerns. Thanks.

http://www.youtube.com/watch?feature=player_detailpage&v=319oUEQTm_Y
If you fail to plan, you plan to fail.
  • #1,187
  • Jan 11, 2013 12:02pm Jan 11, 2013 12:02pm
Quoting mduke04
My screenshot was showing ABCD pattern, not butterfly.

Here is my plotted butterfly pattern.

Potential Butterfly - EURUSD Weekly
I see the same idea. Also monthly down trend line shows a target ~ 1.387
some time April/May. On the weekly a possible inverted H/S pattern could
point to the same target.

Perhaps the Italian bond auction with a new low yield of under 2% is an
indication of EU stabilization in process... but then lots of things can implode
and vaporize the rosy assumption.

S

--
  • #1,188
  • Jan 11, 2013 12:12pm Jan 11, 2013 12:12pm
Quoting Mr. Pip
Here is the video of the swing id for GBPJPY 5M.

Post questions comments concerns. Thanks.

http://www.youtube.com/watch?feature=player_detailpage&v=319oUEQTm_Y
"I don't always trade markets, but when I do, I prefer harmonics."
  • #1,189
  • Jan 11, 2013 12:26pm Jan 11, 2013 12:26pm
Quoting mduke04
I second that
  • #1,190
  • Jan 11, 2013 12:28pm Jan 11, 2013 12:28pm
Quoting Mr. Pip
Here is the video of the swing id for GBPJPY 5M.

Post questions comments concerns. Thanks.

http://www.youtube.com/watch?feature=player_detailpage&v=319oUEQTm_Y
Thank you Mr. Pip, video is very educative.
  • #1,191
  • Jan 11, 2013 12:28pm Jan 11, 2013 12:28pm
Quoting mduke04
I love your quote, priceless!!!
If you fail to plan, you plan to fail.
  • #1,192
  • Jan 11, 2013 12:29pm Jan 11, 2013 12:29pm
Wow you make it look so easy! Very good video I will be looking back at the charts to see what I can find. I hope everyone has a good weekend.

Quoting Mr. Pip
Here is the video of the swing id for GBPJPY 5M.

Post questions comments concerns. Thanks.

http://www.youtube.com/watch?feature=player_detailpage&v=319oUEQTm_Y
  • #1,193
  • Jan 11, 2013 12:33pm Jan 11, 2013 12:33pm
Quoting BroncoCap
I second that
Wow, must be pretty impressive. Can't wait til I get home this evening and check it out!
  • #1,194
  • Jan 11, 2013 12:45pm Jan 11, 2013 12:45pm
Quoting Mr. Pip
Here is the video of the swing id for GBPJPY 5M.

Post questions comments concerns. Thanks.

http://www.youtube.com/watch?feature=player_detailpage&v=319oUEQTm_Y
Nicely explained. It gets clearer. More will be revealed.
  • #1,195
  • Jan 11, 2013 1:07pm Jan 11, 2013 1:07pm
Outstanding. Clear. Looks so simple. Thank you for sharing your insight Mr Pip
  • #1,196
  • Jan 11, 2013 2:13pm Jan 11, 2013 2:13pm
Quoting Mr. Pip
Here is the video of the swing id for GBPJPY 5M.

Post questions comments concerns. Thanks.

...
Another quality video. Nice one Mr. Pip!
  • #1,197
  • Jan 11, 2013 2:24pm Jan 11, 2013 2:24pm
EURUSD M5, Aggressive C Buy

Order Flow up as per main swing. Pull back to 38.2, which shows strong uptrend indication.

Entered slightly above 78.6 retrace of AB swing. Target is 127.2 AB expansion.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5-aggresivecbuy.gif Size: 27 KB
"I don't always trade markets, but when I do, I prefer harmonics."
  • #1,198
  • Jan 11, 2013 2:37pm Jan 11, 2013 2:37pm
Quoting mduke04
EURUSD M5, Aggressive C Buy

Order Flow up as per main swing. Pull back to 38.2, which shows strong uptrend indication.

Entered slightly above 78.6 retrace of AB swing. Target is 127.2 AB expansion.
Yup, in that one too, it counters my blue ABCD that I held for the entire chop even as it neared the stop. So I will win with one or the other.

The issues though, is that the blue ABCD has the 78.6% add-on trade whereas the turquoise ABCD only hit 61.8%, so I am unbalanced.

Something I am still investigating. I am in the data collection period, tweaking comes later after sufficient trades are accumulated and statistics can be determined.

By the way, I wrote up an MT4 EA to handle the trades so I do not need to be at my computer 24-7. It is untested, but could be a nice addition to manual ABCD trading.

Cheers!

http://i.imgur.com/x3niN.png
  • #1,199
  • Edited 2:57pm Jan 11, 2013 2:39pm | Edited 2:57pm
Hi all,

special thanks to Mr Pip for starting the thread; I didn't know about this interesting way of trading and stacking odds by ratios convergence.
I found a BAT pattern on USD CHF H1, the PRZ has been reached, I guess we have to wait for a good price action trigger to enter.
What do you guys think? is it the right way to process?

rgds,

Kyurem
Attached Image (click to enlarge)
Click to Enlarge Name: BAT-usdchf-h1_20130113.jpg Size: 101 KB
  • #1,200
  • Jan 11, 2013 3:05pm Jan 11, 2013 3:05pm
Quoting kyurem
Hi all,

special thanks to Mr Pip for starting the thread; I didn't know about this interesting way of trading and stacking odds by ratios convergence.
I found a BAT pattern on USD CHF H1, the PRZ has been reached, I guess we have to wait for a good price action trigger to enter.
What do you guys think? is it the right way to process?

rgds,

Kyurem
Looks valid to me. Entering a popular PRZ zone.

USDCHF 4H
Attached Image (click to enlarge)
Click to Enlarge Name: usdchfh4_bat_bullish.gif Size: 26 KB
"I don't always trade markets, but when I do, I prefer harmonics."
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